Nazara Technologies, India’s sole listed gaming company, experienced a 4% surge in its shares following a significant acquisition by Morgan Stanley Asia Singapore Pte. The investment firm acquired shares worth ₹69.2 Cr in a block deal, propelling Nazara’s stock to an intraday high of ₹254.90 on the BSE.
In this transaction, Morgan Stanley purchased 28.85 Lakh shares at ₹239.80 apiece, previously held by Think India Opportunities Master Fund LP. The move underscores Morgan Stanley’s strategic interest in the thriving gaming sector, as Nazara continues to diversify its offerings across mobile gaming, esports, adtech, and digital learning for children.
Despite the initial boost, Nazara’s shares slightly receded post-surge, settling at ₹248.55, reflecting a 1.24% increase. The gaming company has been actively expanding its gaming and content portfolio, with recent investments in nCore Games and Rusk Media to enhance its market presence.
Nazara’s extensive portfolio includes popular titles like Kiddopia, Animal Jam, and World Cricket Championship, alongside the sports media platform Sportskeeda and advertising technology firm Datawrkz. Beyond digital gaming, the company is also expanding its offline gaming footprint through brands like Smaaash Entertainment and Funky Monkeys, with ongoing efforts to open new centers monthly.
Morgan Stanley’s stake acquisition in Nazara underscores the growing investor confidence in the gaming sector’s potential for substantial growth and innovation.
Source: Inc42 Media